These 4 Company Announces Interim Dividend; Check Details

During a strong profits season or when legislation makes it more lucrative, companies declare and distribute an interim dividend. The dividend policy or plan that is employed is determined by management's objectives and intentions for shareholders. Interim dividends can follow the same pattern as final dividends, but because they are paid before the end of the fiscal year, the financial statements that accompany them are unaudited. Here are four corporations that recently announced interim dividends.

Bharat Forge

Bharat Forge Limited is an Indian multinational corporation with operations in the automotive, power, oil and gas, construction and mining, locomotive, marine, and aerospace industries. It is headquartered in Pune.

At its meeting on November 12, 2021, the Board of Directors of Bharat Forge Ltd examined, approved, and declared an interim dividend of Rs. 1.50/- each equity share of the Company with a face value of Rs. 2 each.

Since June 25, 2001, Bharat Forge Ltd. has issued 32 dividends. Bharat Forge Ltd. has declared an equity dividend of Rs 2.00 per share in the last 12 months. This translates to a dividend yield of 0.26 percent at the current share price of Rs 782.00.

Kaveri Seed Company

Kaveri Seed Company Private Limited is a Mid Cap company with a market cap of Rs 2,984.84 Crore operating in the Agriculture/Horticulture/Livestock sector.

The Board of Directors of Kaveri Seed Company Ltd has approved the payment of an Interim Dividend of Rs.4/- per Equity Share of Rs.2/- each on the Company's earnings for the Financial Year 2021-22 on the Company's equity share capital.

Since September 16, 2009, Kaveri Seed Company Ltd. has declared 17 dividends. Kaveri Seed Company Ltd. has declared an equity dividend of Rs 4.00 per share in the last 12 months. This equates to a dividend yield of 0.78 percent at the current share price of Rs 512.65.

Ester Industries

The Interim dividend of Rs. 1.40/- per equity share has been issued by the Board of Directors of Ester Industries Ltd for the financial year 2021-22.

The payment of this Interim Dividend will be made on November 23, 2021, which is the record date. On or before December 11th, 2021, the Dividend will be paid.

Since September 18, 2002, Ester Industries Ltd. has declared 15 dividends.
Ester Industries Ltd. has declared an equity dividend of Rs 1.90 per share in the last 12 months. At the current share price of Rs 135.15, this translates to a 1.41 percent dividend yield.

Panama Petrochem

At its meeting on November 12, 2021, the Company's Board of Directors declared an interim dividend of Rs. 2 per equity share of Rs. 2 each of the Company.
Since 1975, Panama Petrochem Ltd has continually offered quality services as one of the leading manufacturers and exporters of petroleum specialty products. Annual sales growth of 44.41 percent surpassed the company's three-year CAGR of 3.02 percent. Panama Petrochem Ltd., founded in 1982, is a Small Cap business in the Petrochemicals industry with a market capitalization of Rs 1,616.09 crore.

Disclaimer

Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article. This article is only for informational purposes.